Tuesday, May 3, 2011

Brazilians take large parcels downtown

Brazilian Investors, along with Integra Solutions, have paid an estimated $12 million for two riverfront parcels in Miami's downtown Brickell area. Riverfront Parcel 5 and Riverfront Parcel 6, as the sites are known, form one of the largest transactions by a Brazilian group in Miami-Dade in several years. Integra Solutions, along with its Brazilian equity partners, also recently closed on the Peninsula in Boynton Beach.
With Brazilian currency reaching a historically high level compared to other global currencies, including the U.S. dollar, the international purchasing power of the Brazilian investor in the U.S. is very attractive.

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